Philly Making Strides Reversing "Brain Drain" (Philadelphia: home, unemployment rate)

[pman]

.... The label of "brain drain" - the term for young intellectuals fleeing the city after graduation - no longer applies, she said.
..."With the revitalization of the city over recent years, it has become a more attractive place to be for this generation of students," she wrote in an e-mail.
She added that Deloitte has noticed students' changing perceptions in the last five years, as they increasingly find Philadelphia a "desirable place to live and build a career."
In the Campus Philly survey, 48 percent of the non-natives said they stayed after graduation.
In a similar survey in 2004, 29 percent from outside the Philadelphia region said they made Philadelphia their home. The survey also reported 58 percent of area students saying that they are likely to stay in or near the city after graduation. Seventy-five percent of recent alumni said they wanted to stay in Philadelphia, and 61 percent did so.

College students staying in Philly, group says | Philadelphia Inquirer | 12/13/2010 (http://www.philly.com/philly/news/breaking/20101213_College_students_staying_in_Philly__group _says.html - broken link)

[rainrock]

Very encouraging, Center City has really blossomed in the past 20-years.

If the rumors are true that Market East is going to be seeing some serious investment and transformation the future of Center City will be extremely bright.

[FindingZen]

Glad to hear things are on the upswing with the talent that we're cultivating!

[*Sweetkisses*]

This is great!

[Duderino]

Thanks for posting this -- very good news!

This comes on the heels of widespread press that the next Census will very likely show concrete numbers that Philly has gained population for the first time in 50 years. Great headway has been made revitalizing many of the city's neighborhoods, and I think there are many indicators that this trend will only continue.

There is so much potential that the city has left to realize. Here's to another promising decade for Philly.

[nycphillygirl]

They need more jobs, though. My young roommate moved to NYC because of a job, but her friends all moved home after graduating from Temple because they couldn't find jobs. They wanted to stay, but had no income.

[pman]

Originally Posted by nycphillygirl

They need more jobs, though. My young roommate moved to NYC because of a job, but her friends all moved home after graduating from Temple because they couldn't find jobs. They wanted to stay, but had no income.

the census supports the theory that the city is making progress in terms of keeping people with degrees and that the central areas are indeed attracting people with good jobs. it also indicates income weakness for the city as a whole so there's definitely plenty of room for improvement.

[Marius Pontmercy]

Jobs jobs jobs, thats always been the problem for as long as anyone can remember... Philadelphia actually has less jobs now than it had in the 80s. The city has lost essentially all of its manufacturing jobs, basically all the old-school jobs are gone and their replacements haven't filled in yet. To really get Philadelphia back into a position of relevance on a national and even global scale will take a lot more job creation, and this is going to come from a combination of pre-existing assets (lots of universities and research institutions already in the city) and aggressively pro-growth policies from the city and state to get businesses to choose Philly over other locations in the US and the Northeast.

There's plenty of evidence that people and businesses would like to be located in the city, but in an ideal situation, and the situation in Philadelphia has too many strings attached to it right now.

Give it ten more years to really see if things take off or not.

[kyle19125]

Originally Posted by nycphillygirl

They need more jobs, though. My young roommate moved to NYC because of a job, but her friends all moved home after graduating from Temple because they couldn't find jobs. They wanted to stay, but had no income.

This is more the reality. I'm not sure where CampusPhilly is pulling it's information (propaganda) from. Philadelphia is sporting an 11.2% unemployment rate. Unemployment in the Philadelphia Area by County

[NJPhilliesPhan]

Originally Posted by kyle19125

This is more the reality. I'm not sure where CampusPhilly is pulling it's information (propaganda) from. Philadelphia is sporting an 11.2% unemployment rate. Unemployment in the Philadelphia Area by County

People look for jobs in their metropolitan area not just in the city.

"Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Metropolitan Statistical Area 8.8"


Unemployment Rates for Large Metropolitan Areas